Released By: Stockholm International Peace Research Institute (SIPRI)
The theme of the Report: Military Spending across the Globe
Key Findings
According to the Stockholm International Peace Research Institute (SIPRI), global military expenditure has reached a new record high of $2240 billion, increasing by 3.7% in real terms in 2022. That marks an all-time high and follows several years of continuously higher spending.
Europe witnessed its most substantial year-on-year increase in military spending in at least 30 years. The United States, China, and Russia, which are the three largest military spenders, contributed 56% of the total global military expenditure in 2022. These findings were released by SIPRI in its latest report on global military spending.
Top 5 Ranking Countries:-
- United States
- China
- Russia
- India
- Saudi Arabia
Source: www.sipri.org
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